Fitch Sees ‘Modest’ Homeowners Insurance Underwriting Loss for 2020 February 19, 2021 The homeowners insurance industry is poised to shift to a modest underwriting loss for 2020, reports Fitch Ratings, citing losses...
Global Reinsurance Sector Receives ‘Stable’ Market Outlook as Rates Keep Hardening December 8, 2020 By L.S. Howard The outlook of the global reinsurance sector is “stable,” which is mainly a reflection of hardening pricing conditions and tighter...
P/C Insurers Face Workforce, Risk, Policy Challenges as Pandemic Continues November 9, 2020 Given that business-as-usual is unlikely to return soon due to the coronavirus pandemic, U.S. property/casualty insurers will continue to face...
AIG’s Plan to Divest Life & Retirement Business Could Prompt Ratings Downgrades November 2, 2020 By Mark Hollmer American International Group’s plan to downsize by divesting its Life & Retirement (L&R) business is drawing cautious and wary reactions...
Workers’ Compensation Should See Profit This Year But Maybe Not in 2021: Fitch October 27, 2020 Despite the economic challenges from the coronavirus pandemic, the workers’ compensation insurance market is likely to report strong profitability in...
What 3Q Catastrophe Losses Mean for U.S. P/C Results October 16, 2020 Driven by an elevated frequency of events during the quarter, third quarter natural catastrophe losses for the U.S. property/casualty insurance...
D&O Insurers Under Pressure But Big Enough to Handle Pandemic Claims, Says Fitch September 28, 2020 As claims related to the economic fallout from the pandemic emerge in the U.S. directors & officers (D&O) liability insurance...
Formation of More ‘Class of 2020’ Reinsurers Unlikely September 25, 2020 By Susanne Sclafane The Class of 2020 already has a new member, but it’s not a true startup, the chair of the company...
What to Expect in 2021: Reinsurance Market Moving From ‘Timid’ to ‘Hard’ September 18, 2020 By Susanne Sclafane Speaking at one of the many virtual conferences that took place in early September, Dan Malloy, chief executive officer of...
Fitch’s Reinsurance Outlook Remains Negative, Despite Entry into Hard Market Phase September 11, 2020 By Adrian Leonard Fitch Ratings said yesterday its ratings outlook for companies in the global reinsurance sector will continue to remain negative as...